It is a shame what happened to a company with so much potential. The Mt Webber development deal management negotiated was brilliant, but it was a commodity downtown that did the damage - right at the key point in AJM's future. Mt Webber was supposed to be our ticket to begin building a solid company.
Delta Coal was a massive brain fart from management, especially with the lower quality coal it produces.
Now with the divestment of the coal assets and the gift of Mt Webber to AGO. There isn't much left and it's hard to be bullish. I expect management will be taking up lithium as the next big deal.. However given their emphasis on coal it surprises me.
Which leads me to the question as to why bother with the Singapore listing. If we are going to suffer the dilution why not raise the capital under AJM in it entirety??
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